Miami-Dade County Fair Market Rent

What these rents mean for Miami-Dade County

HUD's FY 2026 Fair Market Rent schedule sets the Miami-Dade County Florida 1-bedroom at $1,995, with a studio at $1,828, 2-bedroom at $2,436, 3-bedroom at $3,127, and 4-bedroom at $3,613. These figures represent the 40th percentile of gross rents, meaning 60% of standard-quality rental units in this HUD area cost more. The Miami-Dade County FMR area applies to all ZIP codes inside the county boundary, and Florida's housing authorities use it as the baseline when setting Section 8 Housing Choice Voucher payment standards (typically 90%–110% of FMR).

Compared to the rest of the country, a 1-bedroom here is 108% above the US average of $959 and 54% higher than the Florida state average of $1,296. Year-over-year, the 1-bedroom FMR moved from $1,898 in FY 2025 to $1,995 in FY 2026 - a change of +5.1%, which outpaces typical consumer inflation.

For budgeting, the traditional 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $1,995, that implies a household income of $79,800 per year (about $6,650/month) to stay affordable, a 2-bedroom at $2,436 pushes that threshold even higher. With a population of 2,688,237 and a county median household income of $68,694, the arithmetic here directly shapes which wage earners can rent without being cost-burdened. Rent-burdened households (paying more than 30% of income) and severely burdened households (above 50%) face a sharply higher risk of housing instability, and this county's numbers set the benchmark for assessing that risk.